The facility is available for every lender on the panel who provides DIP options.
Furthermore, once the client information is keyed in and the DIP generated, it can easily be converted into a full online application with no need for data re-entry.
Harry Landy, managing director of EDGE said: “At a time of industry turmoil, with rates and schemes being pulled with little or no notice, this facility will massively help brokers to secure available rates for their clients.
“One-time keying’ of client info has always been our ultimate goal and this latest enhancement brings us another significant step closer to this. We already have an online credit search and full application, both pre-populated by the souring info, so an online DIP is the final piece of the jigsaw”.
According to Enterprise, there are now 9,275 UK brokers registered on the EDGE system.
Group CEO, Michael Clapper added: “We have seen a huge appetite from brokers for online functionality in the current market conditions, as we now receive more than 75 per cent of applications online, via EDGE V2.
"Speed is now absolutely of the essence for brokers to secure available rates for clients, so our online DIP facility is timely and is bound to be welcomed.”
